Of course, record profits for oil companies during times of high gasoline prices is just an amazing coincidence....

 

If you'd bother to read the article i won't have to keep showing snippets.

Frankly we should be thankful this fabulous American located company is bring money back to the US.

ExxonMobil’s earnings are from operations in more than 100 countries around the world. During the first quarter, more than three-quarters of our operating earnings came from outside of the United States.

The part of ExxonMobil’s business that refines and sells gasoline, diesel and other products in the United States represents less than 6 percent – or 6 cents on the dollar – of our earnings.

Why so little? Because we actually buy more crude oil to refine into gasoline and diesel in the U.S. than we produce ourselves. And these purchases are made on the open market at the prevailing rates.

 

Im not defending big oil companies, but I have never really understood the "finger pointing" that goes on with these guys. They are generally mega corporations who are in business to make a profit. Not sure how they really shoulder the blame, every business I have EVER heard of will increase their pricing model as long as the demand is there to pay for it. The whole price gouging argument might be true, but what exactly is price gouging? Does a business not have every right to charge whatever they want?

Every big player on the oil scene is traded publicly on the stock market. Every citizen in this country controls their fate for being boom or bust. As Fimco said, our own government hides behind huge tax percentages on gas (cigarettes as well) with very little transparency, all the while blaming instability in the middle east as the biggest culprit.

If big oil is guilty then so are pharmaceutical companies (profit margins that can be as high as 3000% over cost), the whole healthcare industry, Lawyers, etc.

 

Im not defending big oil companies, but I have never really understood the "finger pointing" that goes on with these guys. They are generally mega corporations who are in business to make a profit. Not sure how they really shoulder the blame, every business I have EVER heard of will increase their pricing model as long as the demand is there to pay for it. The whole price gouging argument might be true, but what exactly is price gouging? Does a business not have every right to charge whatever they want?

Every big player on the oil scene is traded publicly on the stock market. Every citizen in this country controls their fate for being boom or bust. As Fimco said, our own government hides behind huge tax percentages on gas (cigarettes as well) with very little transparency, all the while blaming instability in the middle east as the biggest culprit.

If big oil is guilty then so are pharmaceutical companies (profit margins that can be as high as 3000% over cost), the whole healthcare industry, Lawyers, etc.

Guilty guilty guilty!!

 

Big oil in the US is in a more difficult position. Look around the world and most countries nationalize their oil production to use as govt revenue and to control their citizens further. Leftist Pols are dieing to figure out a way to take over oil. If the VOLT from Government Motors fails as we all know it will watch the blame being placed on big oil.

 

Corporations with massive profits are in a difficult position. Pity them, and shed tears on their behalf.

 

Guilty of making a profit! Egads I'm a criminal too. I'll go find a scarlet letter P.

Those profits flow to millions of American shareholders and to future energy production.

 

I thought about running trucks on CNG made by my own compressor rig.

Then I thought about what the news story would be like when the shop building comes down in pieces over five towns.

 

Personally, I blame rising gas prices on the fall of the value of the US dollar.

The change is far too fundamental to be blamed on a few corporate fat cats. Americans have been living beyond their means for decades.

 

And all this propaganda has what to do with irrigation?

 

And all this propaganda has what to do with irrigation?

Poor Du.

Lot of funds are drying up.

How does one explain a 20 cent per gallon hike overnight at the pumps without re-stocking, and when crude goes down?

We're all getting screwed (except the investors) and all we hear is mumbo jumbo.

 

Pretty weak to whine about what gas prices have to do with irrigation but no whining on music or bbq threads.

Every business that uses vehicles as I suspect most in this business do buys gas.

 

Lots of ways to dig into this one. And I know I'm getting screwed, part of life. Seems to me that gas was cheaper before the US attacked Iraq.

http://www.randomuseless.info/gasprice/gasprice.html

 

Poor Du.

Lot of funds are drying up.

How does one explain a 20 cent per gallon hike overnight at the pumps without re-stocking, and when crude goes down?

We're all getting screwed (except the investors) and all we hear is mumbo jumbo.

Interesting read on this topic.
http://gas2.org/2011/05/05/gas-pric...lt/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed:+IM-gas2+(Gas+2.0)

Lewis used GasBuddy.com to further test his theory in 2008. Consumers can use GasBuddy.com to search for the lowest gas price in their area. Lewis observed that as gas prices raised traffic to the website increased. As gas prices dropped later on in 2008 so did the traffic to GasBuddy.com showing that consumers stopped shopping around for the best deal on gas. With consumers not shopping around for cheap gas, gas stations can level off their prices and gradually decrease the price of gas rather than having to have their gas prices plummet in order to keep up with competition from other stations.

Source: Gas 2.0 (http://s.tt/12zx0)

 

Pretty weak to whine about what gas prices have to do with irrigation but no whining on music or bbq threads.

Every business that uses vehicles as I suspect most in this business do buys gas.

don't forget that everything we use in this industry in derived from petroleum. Nevermind the fuel used to get get everything to us
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Pretty weak to whine about what gas prices have to do with irrigation but no whining on music or bbq threads.

Every business that uses vehicles as I suspect most in this business do buys gas.

I see corporate America has found another mindless mouth piece. Bent over for your new master now. :laugh:

 

I see corporate America has found another mindless mouth piece. Bent over for your new master now. :laugh:

A little touchy today, are we?

 

I like those corporate America dividend checks for sure. I can depend on corporate America to provide for my retirement security. But hey if you don't like buying from corporate America sell all your stuff and go live in a tent.

Failed subsidized alternative energy vs a profitable oil company.I'll invest in the oil company thank you very much.

 

After what happened in Alaska, Exxon is on my life time BAN LIST!

http://en.wikipedia.org/wiki/Exxon_Mobil

Exxon Valdez oil spill:

"Exxon was widely criticized for its slow response to cleaning up the disaster. John Devens, the Mayor of Valdez, has said his community felt betrayed by Exxon's inadequate response to the crisis."

"In 2009, Exxon still uses more single-hull tankers than the rest of the largest ten oil companies combined, including the Valdez's sister ship, the SeaRiver Long Beach."

Exxon's Brooklyn oil spill:

"New York Attorney General Andrew Cuomo announced on July 17, 2007 that he had filed suit against the Exxon Mobil Corporation and ExxonMobil Refining and Supply Company to force cleanup of the oil spill at Greenpoint, Brooklyn, and to restore Newtown Creek."

"the spill consists of approximately 17 to 30 million gallons of petroleum products from the mid-19th century to the mid-20th century."

Sakhalin-I in the Russian Far East:

"Scientists and environmental groups voice concern that the Sakhalin-I oil and gas project in the Russian Far East, operated by an ExxonMobil subsidiary, Exxon Neftegas Limited (ENL),[42][43] threatens the critically endangered western gray whale population."

Funding of global warming skeptics:

"ExxonMobil has been accused of paying to fuel skepticism of anthropogenic global warming."

HERE IS THE WORST:

Human rights:

" The suit alleges that the ExxonMobil knowingly assisted human rights violations, including TORTURE, MURDER and RAPE, by employing and providing material support to Indonesian military forces, who committed the alleged offenses during civil unrest in Aceh."
---------

Is that enough to distrust ExxonMobil, if not let me know...I have plenty of more spit to spew!

 

That's the way to do it. Back up what you learn with a real boycott. I boycott most of the dribble holloywood puts out. Try to boycott chinese junk. I am going to research what you posted. Exxon valdez was not one of exxons finer moments for sure.
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By the way, why is it necessary to assign blame when the price of something increases?

 

As long as nobody assigns blame I agree. I've heard enough politicians trying to spin this as oil company greed.

Sort of like "Can't Weiner for trying."

snicker snicker

 

Your thread title would assign blame, therefore you believe there is blame to be assigned

 

"Life is all of a game, and it's just such a shame, that the winners get nothing, and the losers get all that remain."

 

Okay then change blame to cause.